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0.00% 1.6¢ blossomvale holdings ltd

Sorry to say this, and I am sure I will get plenty of flak...

  1. chandlerbayou
    119 Posts.
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    17/12/09
    01:28
    Post #: 6053931
    Sorry to say this, and I am sure I will get plenty of flak coming my way for being dubious on announcements again..... however.

    1. The Conoco multi services contract was executed months ago, it is NOT a new award, in fact was the last work for Trident before it fell idle.

    2. The Geomatics rig positioning contract is peanuts, probably 5k a month if that. It would involve one or two guys onboard for 2-3 days to position the rig to spud a hole and then they are outta there and offhire. Nothing really inspiring in that announcement at all.

    NMS Price at posting: 23.7¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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